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of oracle corp, mark hurd. i'll see you tomorrow. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody, welcome back to "the closing bell." i'm maria bartiromo coming to you today from san francisco. we're following up the close this monday night. stocks losing steam in the final hours of trading today. dow industrials had a rip roaring day, thebest, up as many as 161 points. after stronger than expected manufacturing data set the tone this morning for this market. stocks gave back much of the gains after federal reserve chairman ben bernanke defended the central bank's latest bond buying stimulus program. is that a red flag that this fed-fueled rally is in trouble? top strategists are weigh in tonight. take a look at how we're finishing the day on wall street. as you can see, things settled out, dow jones industrial average held on to a double-digit move, although well off of that 161-point rally. the nasdaq went negative, although it, too, came back off of the worst levels finishing flat on the session. that had everything to do with apple. apple stock today d
nicely into san francisco, oracle open world will have streets blocked howard street, blocked between third and fourth for rest of the week expect delays south of market in that vicinity. southbound 17 earlier stall at summit blocking right lane, out of lanes coming into san francisco, stall 101 at 80 split, might be finding slowinging there. with all events, america's cup starting tomorrow, fleet week later in the week, hardly strictly bluegrass, waze app would be a great way to get around san francisco slowing through lombard coming into san francisco from the bay bridge. abc7news.com/waze for this free app that will help you get around some of these traffic jams. >>>:09. >>> children and television, the new research that says leaving the tv on in your house can be harmful to young ones. >> could there be a shortage of diapers? the disaster half a world away that may impact global supply. >>> hotel attack. serious accusations actress lindsay lohan is making i moved to new york to work in fashion. i came here with just a suitcase, maybe two. and luckily i found an apartment just thre
and bakeries next year. >>> san francisco mayor ed lee is scheduled to make welcoming remarks at oracle's 2012 conference tonight. more than 50,000 people are expected to tearnldz the event -- attended the event in san francisco. oracle's c.e.o. is expected to announce a revamp of the company's database system at that event. oracle is also expected to reveal new servers for computing. >>> you may want to check the status of your flight if you're flying out of san francisco international airport today. one of the primary runways is closed and that could cause some delays. this is the final weekend of the runway closures for work to install new lights and safety features. airport officials say air traffic should return to normal by tomorrow morning. today is a spare the air day. officials are asking people to avoid driving or using gas powered equipment in order to cut down on unhealthy air pollution. people are also being asked to take public transit or use other alternatives such as carpooling. >>> so if yesterday you're thinking to yourself the weather is great but would like it a smidge warm
. >> preparations underway for oracle open world in san francisco. the conference gets underway sunday. traffic is a bit of a mess and there is $120 million in revenue. the show will feature the music festival as well as a customer appreciation event wednesday night featuring pearl jam. >> morgan hill police say a woman who aband beyonded her daughter during a supermarket rippoff has taken off for reno with her baby and made suicidal statements authorities tell us she took her 1-year-old son in morgan hill. there is a green ford expedition with a wyoming license plate there is a warrant out for her arrest. and she left her daughter in that store. >> 19 veterans filed a lawsuit in san francisco federal court stating they were raped. in the armed forces and they face retall wraigs for reporting the crime. two spoke about the ordeal at u.s. college of the law and danielle hoffman says she was raped several times starting as a recruit. >> there are two choices willing or unwilling. and i knew it would is been punished more and abandoned. >> congress woman jackie speier is sponsoring a bill creating
mapping service to oracle customers. they bought the maker four years ago to compete with google maps. they are struggling in the cell phone market. the announcement came on day two of the huge oracle conference in san francisco. a new version of the database, they call it my sql5.6 release. it will help users meet the application requirements. >>> a policy making body got a start today. wage theft includes ignoring minimum wage laws. it was a chance to create a task force. >> make sure we are enforcing the law as much as we can. not something that has been done. but i think if wage theft is going to end, it should end in san francisco. >> wage theft is prevalent in the city. they found half of all restaurant workers do not get minimum wage. >>> commuters will see more rail service because of ridership. cal train added two new trains today and restored four others. ridership reached a high in june resulting in packed trains. they will add two new trips between stockton and the south bay and a bus line will run more frequently. >>> it is a text book case, hackers attack, using schools
themselves on route 1 in california thanks to google. >> take a look at shares of oracle, surging today on the first day of its open world conference. it's up 1.6%. really nice, strong gain, bucking the trend amongst its peers, as well as a broader market. one of those ipos going to hit the market workday. that's a cloud play, expected to be a hot ipo. in fact, people are already estimating that revenues will hit $1 billion by 2015. so workday is that ipo. could be in oracle's back yard in terms of competition. >> i find it amazing. oracle's application growth was nil. and there frankly is not -- the growth tends to be acquisition growth. and people love it. they don't look through the numbers. one of the frustrating things for the purists is there wasn't a lot of growth in oracle and the stock didn't get hit. this is a remarkable time, guys. here you don't have the classic what you want to see from tech, which is good revenue growth and no one seems to mind. >> i think in certain companies, investors are willing to look past. that's oracle, that's amazon, a number of them. and they're
2.3 billion in cash. results after the bell. back to you. >> oracle ceo larry ellison is one of the richest men in the world of course worth more than $30 billion, but he's doing some things that have really caught the eye of our wealth editor robert frank. robert? >> that's right, tyler. when we come back, why is larry elson, a man as you said worth more than $30 billion, borrowing so much money? and should shareholders be concerned with all his spending? we'll have more when we come back. low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd#: 1-800-345-
francisco begins tomorrow. oracle's open world will be held at mosconi center. more than 50,000 people are expected to attend that conference. it will include discussions about industry trends and future technology. oracle ceo larry ellison is expected to unveil a new database system. open world runs through next thursday. >>> for the first time, insta gram is reporting more users than twitter. the free photo sharing app reported having 7.3 million daily users in august. a big jump from march when it had less than 900,000 users. twitter had just 6.9 million users in august. >>>a security flaw may be putting cell phone users with google's android operating system at risk of losing their data. security researchers say opening a link that contains malicious code could trigger an attack that destroys the phone's memory card, erasing contents, music and photos. reservers say google has had a fix since learning about the problem this summer but hasn't publicized it. >>> los angeles want process football back. the l.a. city council has unanimously approved a plan to build a 72,000 seat stadiu
ers home game it's a busy weekend. >> there is so much happening in the fair coming up. oracle. you know? races going on. >> the manager says the whole city is sold out and have not yet mentioned giants that will be in town. >> this is the beginning of great number of events in our city. >> the mayor kicked off fleet week and outside of the pub he says he's never seen the like. >> this is at it's best f you'd like a list of the things mentioned you can find it by going to abc 7 news.com click on the see it on tv link and there are tips on how to get around in san francisco. on this very busy week. >> thank you. >> he looks great. >> there is going to be a lot of traffic jams and there are resources to help you get around the city. >> that does it for he this edition. >> and and the a defense attorney explains why his student killed a nursing student michelle li. >> and a man carrying a grenade creates a major scare. >> there is is heat extending to the ko. high temperatures so far coming up. >> good evening, i'm cheryl jennings. >> was it a crime of passion or murder? >> that is wha
and from the city. >> tens of thousands of tech lovers going to san francisco for the oracle open world conference. we got a look at the preparations inside the center today where the event starts this sunday. organizers say the conference will feature discussions about industry trends, future tech and invasion. the ceo is expected to introduce the new 12c database designed for cloud computers. the conference runs until october 4th. >>> facebook is getting in to the business of gift giving, the site is revealed a new tool that will let users biologists for one another. they will earn a part of the proceeds, it's the latest move to see if users willing to spend money on the site. most of facebook's revenue comes selling advertising. >> bill martin has been telling you about a strong warm up but let's go to him. we have a pair the air day tomorrow. >> yeah and today was a lot cooler than yesterday. temperatures tomorrow do warm up. we will see a spare the air day tomorrow and that means one sunday and monday. sunday and monday are going to be hotter days, they will be the hottest on the
to this world's oracle of -- organizers say the conference will feature discussions about industry trends, future technology and innovation. ceo is said to welcome the new database. more than 60,000 people are expected to attend. goes until next thursday. >>> now you can get ktvu news to go, download the app, click on the live icon and you can watch all of our newscasts live on your device. >>> quake early morning system that we told you about last night. the high-tech system is designed to automatically slow bart trains during a sizeable quake. u.s. seismologists say we are already behind other countries. >> right now in japan they have developed an early warning system. we are behind them already. >> reporter: a fully operational system would cost about $150 million. no word on an outcome today. >>> 10 and 11-year-olds paid a bounty for big hit. the action that's being taken. >>> and i'm back here in just a couple of minutes. i've got your weekend forecast and it promises to be a warm one. >>> and in just 8 minutes we will introduce you to a dear friends of ours behind the cameras right
oracle customers access to nokia's map services. the agreement would be announced today at the oracle world conference. i've never known that maps would be so important in everybody's lives. such big important -- >> huge. >> saw something over the weekend about -- >> ever a day when apple gets maps? >> apple has a lot of money. if they just start pouring all money they have into making this better, they've gotten the message. >> i talked to engineers on bring that said it is impossible, it might take you three years to get the information to be correct. it's actually the data. >> and google has truck has go up and down -- carl had written that one drove by his, the google truck that has the camera going around. >> you can't just write an al go rhythm that finds every single side street. it's a lot of roads. >> use everybody who has an iphone to replicate what google has done by having people literally use their iphone to actually take pictures of buildings. >> to help? >> yes, to help to try to recreate crowd sourcing operation. >> i'm not helping. that could be a tux tie. >> it's a w
, effective october 22nd. he helped to restructure a software company that sold itself to oracle too. that's the kind of activist cfo yahoo! needs. the fact that she picked him tells them they're going in the right direction. the plan we will hear more about when they report in two weeks, i think the stock can start marching higher. the reason is simple. the company can get aggressive about unlocking the pieces, and yahoo! has got a lot to unlock. last week goldman sachs came out with a terrific piece. i said i'm changing my mind. this is really good research where they added yahoo! to the buy list based on the sum of the parts analysis, some of the most rigorous analysis on yahoo!. let's go through the pieces. first, yahoo! owns a major stake in ali baba, like the ebay and paypal of china. the old management didn't know what to do with it. that changed back in may when mayer's predecessor interim ceo ross levinsohn worked out a deal to have ali baba buy back half of yahoo's position. this sale closed less than two weeks ago with yahoo! netting $4.2 billion in cash after taxes and fees. an
at some qualcomm, microsoft. you could nibble at some oracle. >> but you're only nibbling. >> i would buy more aggressively apple here. this is what happens every time apple comes out with a new product. there's overdemand. there was a riot last week. everybody is down on the maps with apple. apple -- >> you think that's all noise? >> the lines -- go up town and look at the lines for this new apple iphone 5. we're still believers in apple. i think you could take some -- you start to spoon some technology stocks on to your plate here. >> what about financials, steve? i mean, s&p capital iq is expecting financials to see a real bounce back in the fourth quarter. very strong. almost 6% earnings growth. they're saying lbo activity was stronger. you're talking about mortgage-backed securities. that's going to be stronger. would you buy the financials or have we seen the move in that group? >> you know, we've had a great run in the big banks. we've owned them. we're sticking with them. where the real opportunity now is, you know, you got cap one financial, a cheat stock, good business model. bi
, but when you think about icht t. spending, it is oracle and cisco. the one thing confusing for me is ibm, sap, they both said business is quite strong. accenture just said these are strong. imperricly he's wrong. anecdotely he's right, imperricly he's wrong. >> not just highs but record highs in yesterday's recession. we are seeing the providers do well in today's stock market. >> i'm surprised how often it comes up when i have decision makers talking with me they are unwilling to commit additional capital as needed. we hear it from our guests, it comes up time and again. it is somewhat overstated. can it be paralyzing business to such an extent? but it is there and i think stories like today's "new york times" which indicate perhaps -- >> you mean sorkin. >> no, progress on the front page of "the new york times" perhaps that will be embraced. imagine what would happen if we dealt with the budget deficit in a meaningful way and did deal with the issues? one thinks the uncertainty cloud goes away. if it doesn't, there's something else going on. >> i was referring to a sorkin column arguin
Search Results 0 to 14 of about 15